https://www.taxtmi.com/caselaws?id=284299 The Tribunal allowed the appeal, overturning the disallowance under section 14A read with rule 8D. The Tribunal relied on a previous order in the appellant's own case, establishing that section 14A was not applicable to insurance companies due to specific provisions in the Income-tax Act. Consequently, the disallowance made by the Assessing Officer was deleted, following the precedent set in the earlier case. The appeal was allowed, and the disallowance under section 14A was set aside in favor of the assessee. en-us Thu, 09 Nov 2017 00:00:00 +0530 Mon, 11 Nov 2019 15:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284299 The Tribunal allowed the appeal, overturning the disallowance under section 14A read with rule 8D. The Tribunal relied on a previous order in the appellant's own case, establishing that section 14A was not applicable to insurance companies due to specific provisions in the Income-tax Act. Consequently, the disallowance made by the Assessing Officer was deleted, following the precedent set in the earlier case. The appeal was allowed, and the disallowance under section 14A was set aside in favor of the assessee. Case-Laws Income Tax Thu, 09 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284299